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SOURCE Softchoice Corporation
TORONTO, Feb. 19, 2013 /CNW/ - Softchoice Corporation (TSX: SO)
announces that its Board of Directors has approved an increase to the
quarterly dividend from CAD$0.07 to CAD$0.09 per common share. The
dividend is payable on March 15, 2013 to Shareholders of Record at the
close of business on March 1, 2013.
"This increase to our quarterly dividend clearly demonstrates our
ongoing commitment to drive shareholder value," said David MacDonald,
President and CEO of Softchoice. "The Board's decision to increase the
dividend reiterates our confidence in the Company's financial
performance and effective management of our cash."
About Softchoice
As a leading North American provider of technology solutions and
services, Softchoice combines the efficiency and reliability of a
national IT supplier with the personal touch and technical expertise of
a local solutions provider. Softchoice's holistic approach to
technology includes solution design, implementation and asset
management services, as well as access to one of the most comprehensive
and cost-effective technology distribution networks in North America.
With over 1,200 employees, Softchoice manages the technology needs of
thousands of corporate and public sector organizations across the
United States and Canada.
Softchoice stock is listed on the Toronto Stock Exchange (TSX) under the
trading symbol "SO." The common shares of Softchoice are not registered
under the U.S. Securities Act of 1933 and are not publicly traded in
the United States.
Forward-Looking Statements
This press release contains forward-looking statements that involve
risks and uncertainties. These forward-looking statements relate to
expectations, intentions and plans contained in this press release that
are not historical fact. When used in this press release, the words
"anticipate", "expect", "will" and similar expressions generally
identify forward-looking statements. These statements reflect our
current expectations and are subject to a number of risks and
uncertainties including, but not limited to, change in technology and
general market conditions, many of which are set out or incorporated by
reference in the Company's latest Annual Information Form. Due to the
many risks and uncertainties, Softchoice cannot assure that the
forward-looking statements contained in this press release will be
realized.
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